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MIAMI (AP) — Carnival Corp. said Friday that its board declared a special dividend of 50 cents on top of the cruise line operator's regular 25-cent quarterly dividend.
The Miami company's regular dividend will be paid Dec. 14, and the one-time payout on Dec. 28.
Moody's Investors Service said Friday that the special dividend, which will come to $390 million, isn't good for Carnival's credit profile, but shouldn't affect the company's debt ratings.
Carnival Corp. shares fell 18 cents to $37.21 in late afternoon trading.